Morningstar, a business website, recently released its list of nominees for their annual awards for Find Managers in the business. Each year, Morningstar honors managers who have performed excellently and went beyond their call of duty and their job descriptions to do what is right for their shareholders; deliver superior and the best results and long-term returns for the year 2009. Other criteria considered are the executives’ initiative in developing sound strategies throughout the year. With the recession dominating almost every industry throughout the whole world in 2009, these nominated executives have found silver linings in dark clouds and have steered their respective companies towards success despite bad economic times.

Morningstar’s goal was to recognize these executives and their contributions. Three categories group the executives based on their specialties, namely: fixed-income managers, domestic stock managers and international stock managers. Final results will be released on January 5.

Some of the nominees for Fund Managers of the Year include:

• Hakan Castegren of Harbor International. He has already won the award twice and is also nominated for the Fund Manager of the Decade award.
• David Herro of Oakmark International and Oakmark International Small Cap.
• The managers of American Funds EuroPacific Growth: Lee, Grace, Bepler, Denning, Lovelace, Kawaja. They are also in the running for Fund Manager of the Decade award.
• Brent Lynn of Janus Overseas, who implemented an aggressive style that has generated big returns for his investments. This year, he is up an astounding 75%, and his five-year return is annualized at 17.1%.
• Manning & Napier World Opportunities’ Magiera, Tommasi, Coons, Andreach, Donlon, Gambill, Herrmann, Lester, Trotter.
• Longleaf Partners’ Staley Cates and Mason Hawkins are also nominated for Fund Managers of the Decade.
• Bill Nygren of Oakmark is another Fund Manager of the Decade nominee.

These executives have proven their worth and competence in stirring their companies towards success despite the very bad economic climate of the past year. Having generated profits not only for their companies, but more importantly, for their customers, they have set their companies on a great path towards 2010.

Post Author: guest

This entry was posted on Tuesday, January 19th, 2010 at 1:04 pm and is filed under Corporate News, Industry News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.